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ThinkMarkets Launches Prop Trading Services under ThinkCapital

ThinkMarkets recently launched prop trading services under the brand ThinkCapital, becoming the latest one to launch services in the prop trading space under the brand.

Another Broker into the Prop Trading Space

ThinkMarkets—headquartered in Australia—is among the various CFDs (contracts for differences) and forex brokers providing prop and technically funded trading services. OANDA, Axi, and Hantec Markets pioneered this trend, while Traders Trust, Trade.com, and IC Markets joined them later. 

According to IC Markets’ website, the broker offers prop trading services under a UAE-registered entity, TC Systems FZE. Its services kicked off late last month. 

Like other prop trading services, ThinkCapital offers only simulated trading and educational tools for traders. Only Axi offers its funded traders live market trades. 

OANDA considers live market trades as signal generators and performs them on its risk management strategies basis.

 

European Traders On Board

ThinkCapital trading services are less restrictive than other brands, as the brand incorporates European traders, except Croatian. However, ThinkMarkets wouldn’t offer prop trading services to US traders like most brokerage prop brands.

ThinkMarkets has offered trading services to its prop trading counterparts. The services include CRM (customer relationship management), an admin dashboard, and price data of asset classes. The brand also licenses ThinkTrader (ThinkMarket’s established trading platform) to prop enterprises.

Interestingly, ThinkMarkets grey-labeled its MetaTrader license to prop enterprises. Even so, its website, which mentions its prop firm offerings, no longer mentions MetaTrader.

Currently, ThinkCapital offers prop trading services on MetaTrader 5 and plans to include ThinkTrader. According to their website, prop trading services will integrate TradeView so traders can transact directly from TradingView charts.

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